Founded in 2005 by Georgia Tech researchers, Nuventix quickly established a strong foothold and wide-reaching customer base within the LED lighting thermal management sector, and is at an inflection point following the adaptation of its technology for more widespread use in the growing consumer electronics market.

Nuventix recently landed design wins with some of the largest players in the consumer electronics industry and is in the process of rolling out a game-changing thermal management solution for small form factor products.

Situation

The company’s institutional capital backers sought to explore a potential exit from their investment in Nuventix as older investors required liquidity per their fund charters due to the length of the investment hold period.

The company was at an inflection point due to the rollout of its new consumer electronics focused product line and Nuventix’s investors needed a solution that valued the company’s future growth and strong IP portfolio.

Cascadia Process

Cascadia developed marketing materials that positioned Nuventix’s value around its IP portfolio and future revenue streams.

Cascadia identified the most likely buyers in a potential sale and provided a limited few pre-emptive looks at the opportunity.

Cascadia also ran broader, yet targeted, global process in order to ensure a competitive bid environment for the company.

AavidThermalloy, a portfolio company of the private equity firm The Audax Group, evolved into the preferred acquirer in the process and Cascadia – the combination of the two businesses provided significant upside due to customer synergies and manufacturing cost efficiencies.

Cascadia structured a complex deal that afforded the best outcome for all investors in Nuventix.